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. everyone is going to play nice if we want the economy to grow. >> what about dividend payers? these companies are getting crushed as people speculate where dividend taxes go. jim, are you a buyer? you want to stay away? what do you want to do with dividend payers? >> until i get some clarity on the fiscal cliff, i would probably stay away from anything that would be a tax-related issue. the dividend payers would be high on the list. as far as what to do, i would agree with joe. gold was the story before the election. the argument was we were electing a president and a monetary policy. we elected the president that's going to continue the easy monetary policy. gold has been one of the few things that's been working through the election. i suspect it will continue to. >> all right. jeff, in the energy complex itself, what's the best opportunity right now? is it crude? is it heating oil? is it natural gas? what are you looking at? >> if you're a weather player, you certainly want to buy the heating oil. the way we've seen the last couple of days here, the weather has been very u
and longer-run fiscal issues. i think if we do that, the economy can boom. >> i'm hoping to use a phrase i've heard recently, that everybody can rise above the politics that we see here all the time. >> if the guys in washington don't get together and actually act like grown-ups, we're in big trouble. >>> hi, everybody. time to rise above and keep the country from enduring a self-inflicted crisis. we're here today. i'm maria bartiromo coming to you live from the schwab impact conference in chicago. welcome to the "closing bell." we enter the final stretch for the markets today. everybody here is focused on the fiscal cliff. coming up, i will talk to allen simpson and erskine bowles in an interview you cannot afford to miss. hope you join us 4:00 p.m. eastern. the co-founders of the fix the debt campaign, which many corporate leaders are backing. they'll tell us how they think washington can come together and reach a deal, bill. >> sure would be great to figure that out. maria, looking forward to that. i'm bill griffeth here at the new york stock exchange. markets continue to feel the sting
, for the foreseeable future, you're waiting for some sort of sign the economy -- the growth in the economy and reflation effort is going to take hold, is that it? >> the market has to believe it's going to be enough, by way of context. the fall from apple from peak to where it is now is $100 billion of market cap. $40 billion a month. the numbers are so billing and yet the federal reserve talks in billions when we live in a world of trillions. >> so what's the -- what's the best plan here, then, toward year-end? we have the clarity of the president in the white house but we have no clarity in terms of these taxes. i'm just wondering how many of you actually think we will see a compromise or are both sides going to continue to dig in, creating a real inaction for the next couple of years? >> michael first? >> i think have you to separate a grand bargain from extending out the deadline. our belief is very likely you'll get some kind of downpayment past this year and an extension of timing until the middle of next year. one thing we would encourage investors to remember is how much pressure i
% in a zero interest rate environment. we all knew it was going to be a slow economy. we all knew the market was going to grow slow. the bottom line is even with the decline in the last eight days, we're still up 6.5%, 7%. >> you're saying to buy into this selloff? >> i think you have to buy into it. where are you going to put your money? most of the money is going into fixed income. that's just crazy. we know future interest rates are going to go higher. that's not going to hurt corporations. it's not going to hurt profits, but what it is going to do is hurt the individual investor. they should be in equities. when you look at the dividend plays out there, it's crazy not to be. >> boy, when it comes to the markets, michael, you could not have a more different point of view, could you? >> we have about 30% cash. i took out another about 20%. we're about 50% today in cash. i don't think the fiscal cliff is going to happen. i think they're going to punt. i don't think anybody in washington, d.c. has the meatballs or spaghetti to care about cutting our debt and deficits. you know, the only thin
, and with less revenue relative to our economy than we've had for 50 years. we're going to have to raise revenue. that revenue should come probably from the people who have been most fortunate over the last generation. that's the position the president's taking. i think it's a reasonable one. i think there's a shared reck a -- recognition between the president and the congress that it would be a catastrophe for the country if nothing was to be done and $600 billion was to be withdrawn from this economy. >> of course, the markets would also see that as a catastrophe. you know, there's an article in the "new york times" today. senator schumer was quoted. he said, look, we might be able to get that revenue you're talking about by eliminating the loopholes and leaving the highest tax rate at 35% rather than taking it up to 39.6%. it seems so petty to be discussing, you know, the tax rate on just a small portion of the population. but do you think you can get that revenue by eliminating the loopholes and leaving taxes where they are, broadening the base, lowering the corporate rate? >> i think there'
be impossible politically, and it could disrupt the economy, but that's a lot of money, even in government terms. that's compared to only $440 billion if we raise that top tax rate. back to you giuys. >> all right. robert, stay right there. more reaction now. >> we have both sides of this issue. not surprisingly, republican strategist justin safy says it's a good idea because it takes out the political fighting. also not surprisingly, democratic strategist is not a fan of all this. justin, make the case for the bucket of deductions that romney talked about during the campaign. >> well, you know, this idea is so simple. it's probably almost too simple for the big thinkers in washington, d.c. the point is, if you give one amount, whatever that amount is, as a cap on the deductions, the taxpayers themselves can choose which deduction they want. it takes it out of all of the fighting that goes on, the lobbyists, the different special interests that are constantly lobbying members of congress to protect certain exemptions. it makes the tax b code simple. you can't have a conversation about tax reform
Search Results 0 to 5 of about 6

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